Defendant Led Group That Made Tens of Millions of Dollar Misleading Victims into Believing The Group Had Inside Information on College and Professional Sporting Events

A two-count indictment was unsealed today in United States District Court for the Eastern District of New York charging Cory Zeidman with conspiracy to commit wire fraud, mail fraud and money laundering conspiracy in connection with a sports betting fraud scheme he operated from Long Island and Florida. The defendant was arrested this morning and Florida and will make his initial appearance at the federal courthouse in Miami.